2015-04-15T09:24:09-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-07-01 410693856 DUNWOODY COLLEGE OF TECHNOLOGY DUNW 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PRESIDENT 6123745800 2015-04-08 1 CHAD LASSEN P01587992 6123764500 2013 2016-02-25 16:41:14Z RICHARD WAGNER 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 39034333 0 X WWW.DUNWOODY.EDU X 1914 MN PROVIDE TECHNICAL TRAINING IN INDUSTRIAL FIELDS IN DAY AND EVENING CLASSES IN MINNEAPOLIS, MN. 28 27 347 641 0 0 2499948 3102507 18255503 19084047 1822225 1613491 0 0 22577676 23800045 943650 636693 0 0 14437512 14253772 0 0 1345873 8281387 7877720 23662549 22768185 -1084873 1031860 39151414 41040182 17688768 16415512 21462646 24624670 X DUNWOODY COLLEGE OF TECHNOLOGY'S MISSION IS: "AS A PRIVATE NON-PROFIT TECHNICAL COLLEGE: DUNWOODY CHANGES LIVES BY BUILDING OPPORTUNITIES FOR GRADUATES TO HAVE SUCCESSFUL CAREERS, TO DEVELOP INTO LEADERS AND ENTREPRENEURS, AND TO ENGAGE IN "THE BETTER PERFORMANCE OF LIFE'S DUTIES." QUOTE IS FROM THE LAST WILL AND TESTAMENT OF WILLIAM HOOD DUNWOODY. DUNWOODY WAS ENDOWED BY WILLIAM HOOD AND KATE DUNWOODY IN 1914 AS A TECHNICAL EDUCATION INSTITUTION DEDICATED TO TRAINING YOUNG PEOPLE IN A TRADE OR OCCUPATION WHICH WOULD PROVIDE A CAREER PATH AND SOURCE OF INCOME. TO THIS DAY DUNWOODY IS DEDICATED TO HANDS ON, APPLIED TECHNICAL EDUCATION. BEYOND THAT THOUGH, DUNWOODY IS FOCUSED ON DEVELOPING GRADUATES WHO ARE "WORTH MORE." THE CONCEPT OF "WORTH MORE" MEANS THAT GRADUATES EXCEL IN THEIR CHOSEN PROFESSION AS WELL AS FUNCTION AS LEADERS IN THEIR PROFESSION AND IN THEIR COMMUNITY. 0 0 16075816 636693 19084047 FOUNDED IN 1914, DUNWOODY IS A PRIVATE, NOT-FOR-PROFIT, ENDOWED INSTITUTION OF HIGHER EDUCATION. IT IS THE OLDEST INSTITUTION OF ITS KIND IN THE UPPER MIDWEST, WITH AN INTERNATIONAL REPUTATION FOR OUTSTANDING EDUCATIONAL PROGRAMS. IT IS ALSO THE ONLY NON-PROFIT, TECHNICAL COLLEGE IN THE UPPER MIDWEST AND ONE OF A HANDFUL NATIONWIDE.DUNWOODY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION. THE COMMISSION'S WEB ADDRESS AND PHONE NUMBER ARE: WWW.NCAHIGHERLEARNINGCOMMISSION.ORG AND 312-263-0456.DUNWOODY COLLEGE TEACHES PROBLEM SOLVING AND CRITICAL THINKING ALONG WITH PRACTICAL, REAL-WORLD SKILLS THAT ARE MUCH SOUGHT AFTER BY BUSINESS AND INDUSTRY. IT'S A RIGOROUS STYLE OF HANDS-ON, APPLIED LEARNING THAT PLACES GREAT DEMANDS ON STUDENTS AND REQUIRES DISCIPLINE AND PERSONAL RESPONSIBILITY. IT ALSO FOSTERS SUCH VALUES AS WORK ETHIC, TEAMWORK AND PUNCTUALITY.INSTRUCTION AT DUNWOODY IS STRUCTURED ON AN 18-WEEK SEMESTER. AN ACADEMIC YEAR INCLUDES TWO 18 WEEK SEMESTERS WITH A NINE WEEK SUMMER SESSION. PROGRAMS OF INSTRUCTION MAY LEAD TO A CERTIFICATE, ASSOCIATE OF APPLIED SCIENCE (A.A.S.) DEGREE, OR A BACHELOR OF SCIENCE (B.S.) DEGREE. IT IS DUNWOODY'S GOAL THAT GRADUATING STUDENTS WILL BECOME RESPONSIBLE, CONTRIBUTING CITIZENS, AS WELL AS ABLE TECHNICIANS AND LEADERS IN THEIR PROFESSIONS. THE COLLEGE CURRENTLY OFFERS MORE THAN 40 MAJORS IN THE FOLLOWING ACADEMIC DEPARTMENTS:APPLIED MANAGEMENTAUTOMOTIVECOMPUTER TECHNOLOGYCONSTRUCTION SCIENCES & BUILDING TECHNOLOGYDESIGN & GRAPHICS TECHNOLOGYRADIOLOGIC TECHNOLOGYROBOTICS & MANUFACTURINGDUNWOODY ALSO OFFERS TRAINING OPPORTUNITIES TO BOTH INDIVIDUALS AND COMPANIES THROUGH ITS DEPARTMENT OF WORKFORCE TRAINING & CONTINUING EDUCATION.THROUGH THESE OFFERINGS, IN CONJUNCTION WITH THE EFFORT AND ENTHUSIASM OF THE COLLEGE STAFF AND FACULTY, DUNWOODY ACHIEVES ITS MISSION: AS A PRIVATE NON-PROFIT TECHNICAL COLLEGE: DUNWOODY CHANGES LIVES BY BUILDING OPPORTUNITIES FOR GRADUATES TO HAVE SUCCESSFUL CAREERS, TO DEVELOP INTO LEADERS AND ENTREPRENEURS, AND TO ENGAGE IN "THE BETTER PERFORMANCE OF LIFE'S DUTIES." QUOTE IS FROM THE LAST WILL AND TESTAMENT OF WILLIAM HOOD DUNWOODY 16075816 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 45 0 347 1 0 0 0 0 0 0 0 0 0 1 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MN X X CAMI KARNOWSKI 6123745800 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 RICHARD WAGNER PHD PRESIDENT 40.00 X X 188174 0 217 THEODORE A FERRARA BOARD CHAIR 1.00 X X 0 0 0 KAY PHILLIPS VICE CHAIR 1.00 X X 0 0 0 JAMES R FOX SECRETARY 1.00 X X 0 0 0 CHARLIE WESTLING TREASURER 1.00 X X 0 0 0 RUSSEL BECKER DIRECTOR 1.00 X 0 0 0 RICK D CLEVETTE DIRECTOR 1.00 X 0 0 0 RICHARD A COPELAND DIRECTOR 1.00 X 0 0 0 DAVID P CROSBY DIRECTOR 1.00 X 0 0 0 NANCY M DAHL DIRECTOR 1.00 X 0 0 0 BRUCE W ENGELSMA DIRECTOR 1.00 X 0 0 0 MARK G FLEISCHHACKER DIRECTOR 1.00 X 0 0 0 MICHAEL HANSON DIRECTOR 1.00 X 0 0 0 RICHARD J JUELICH DIRECTOR 1.00 X 0 0 0 MICHAEL L LE JEUNE DIRECTOR 1.00 X 0 0 0 ANDREA L NEWMAN DIRECTOR 1.00 X 0 0 0 GARY N PETERSEN DIRECTOR 1.00 X 0 0 0 C MARTIN SCHUSTER DIRECTOR 1.00 X 0 0 0 MICHAEL M SILL II DIRECTOR 1.00 X 0 0 0 TALLA SKOGMO DIRECTOR 1.00 X 0 0 0 TREASA SPRINGETT DIRECTOR 1.00 X 0 0 0 MARC STEADMAN DIRECTOR 1.00 X 0 0 0 ROBERT W STROM DIRECTOR 1.00 X 0 0 0 DR BERNHARD VANLENGERICH DIRECTOR 1.00 X 0 0 0 MAURICE J WAGENER DIRECTOR 1.00 X 0 0 0 PAUL W WICHERT DIRECTOR 1.00 X 0 0 0 ANTHONY WILLIAMSON DIRECTOR 1.00 X 0 0 0 HEIDI M WILSON DIRECTOR 1.00 X 0 0 0 JAMES MCDONALD CFO 40.00 X 65153 0 2703 STUART LANG V.P. OF DEVELOPMENT 40.00 X 153463 0 0 COLLETTE GARRITY V.P. OF ENROLLMENT 40.00 X 128660 0 9766 JEFFREY M YLINEN PROVOST 40.00 X 120241 0 6157 PATRICIA ANN EDMAN H.R. DIRECTOR 40.00 X 114860 0 4961 WILLIAM JORDAN FACILITIES MANAGEMENT 40.00 X 104627 0 6157 MICHAEL MADDEN BUDGET MANAGER 40.00 X 102075 0 15416 977253 0 45377 8 0 1 0 LEVEL TOTAL 724 NORTH FIRST STREET MINNEAPOLIS MN 55401 MARKETING/ADVERTISING 555113 HEWLETT PACKARD FINANCIAL SERVICES PO BOX 402582 ATLANTA GA 30384 LAPTOP LEASES 376112 ASPEN CAPITAL COMPANY 4489 ROARING FORK COURT LOVELAND CO 80538 LAPTOP LEASES 347705 CITY WIDE MAINTENANCE 11979 COUNTY ROAD 11 BURNSVILLE MN 55337 JANITOR SERVICES 166492 ROBERT HALF PO BOX 743295 LOS ANGELES CA 90074 CAREER PLACEMENT/TEMP SERVICES 154087 8 3102507 737685 3102507 TUITION & RELATED INCOME 611600 18560898 18560898 OTHER REVENUES 900099 523149 523149 19084047 424627 424627 16423152 15206318 27970 1216834 -27970 1188864 1188864 23800045 19084047 0 1613491 636693 636693 497977 497977 10529668 8883718 1013038 632912 878977 878977 1562191 1018620 465670 77901 784959 638493 102634 43832 24625 2432 21920 273 46714 46714 203844 203844 687418 104918 364764 217736 673096 664137 6133 2826 1104151 732448 256728 114975 428305 62047 321080 45178 1188356 1188306 50 155599 111878 31461 12260 78497 40555 35317 2625 301114 301114 1243886 1015983 199415 28488 EQUIPMT RENTAL/MAINTENA 819530 819530 BAD DEBT EXPENSE 650012 74687 477488 97837 OTHER/MISCELLANEOUS 142780 12040 116885 13855 MEALS 129793 69331 5337 55125 22768185 16075816 5346496 1345873 362733 972315 360479 405183 507886 383223 686882 651487 115732 138435 50128822 36690295 13772594 13438527 12987078 13739533 10358030 11311479 39151414 41040182 1490003 1444644 1500178 1430510 6415389 6450650 8283198 7089708 17688768 16415512 X -1711919 1032942 9624800 9867152 13549765 13724576 21462646 24624670 39151414 41040182 X 1031860 1799428 330736 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19947776 109643 2351410 853410 21555419 19418934 30405 671353 172916 19947776 21643449 261396 272231 2758142 19418934 20915900 807198 1125769 1205418 21643449 20772644 303907 1027755 1188406 20915900 0.00000 0.63670 0.36330 0 0 828504 828504 27681104 20257939 7423165 21319895 16432356 4887539 299319 299319 13438527 SPLIT-INTEREST AGREEMENTS 11311479 F 11311479 ANNUITY OBLIGATIONS 175353 ACCRUED PENSION COST 3926557 ENVIRONMENTAL REMEDIATION 234798 LINE OF CREDIT 2753000 7089708 X 23578153 1799428 1156771 27970 2984169 20593984 203844 3002217 3206061 23800045 23112389 1156771 27970 1184741 21927648 203844 636693 840537 22768185 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND TO FUND COLLEGE OPERATIONS. PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY NOT SUBJECT TO INCOME TAXES. THEREFORE, ALL CONTRIBUTIONS ARE TAX DEDUCTIBLE. THE COLLEGE FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE COLLEGE HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 27,970. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME GREATER THAN SPENDING RATE 2,331,055. SCHOLARSHIPS 636,693. TRUST DISTRIBUTIONS 34,469. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 27,970. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 636,693. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WRITTEN MATERIALS RELATED TO THE COLLEGE'S POLICIES ARE GIVEN TO STUDENTS AT ORIENTATION. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES PELL, SEOG, FEDERAL WORK STUDY, AND VARIOUS GOVERNMENT-BACKED LOANS AND RELATED STATE FUNDS. 1 SCHOLARSHIPS 235 636693 N/A N/A PART I, LINE 2: ENDOWED AND ANNUAL SCHOLARSHIPS ARE AWARDED BASED ON CERTAIN CRITERIA SET BY THE INSTITUTION (DUNWOODY) AND DONORS. STUDENTS APPLY FOR SCHOLARSHIPS STARTING SPRING QUARTER OF THE PREVIOUS SCHOOL YEAR. APPLICATIONS ARE COMPILED AND REVIEWED BY A SCHOLARSHIP COMMITTEE. THE SCHOLARSHIP COMMITTEE CHOOSES THE STUDENT OR STUDENTS WHO ARE MOST DESERVING OF THE AWARD BASED ON THE CRITERIA AND FINANCIAL NEED. STUDENTS ARE NOTIFIED BY THE FINANCIAL AID OFFICE OF THE ACCEPTANCE TO THE AWARDS WHICH THEN BECOME PART OF THEIR FINANCIAL AID PACKAGE. SCHOLARSHIPS ARE DISBURSED TO THE STUDENTS ACCOUNT AS A CREDIT ON A QUARTERLY BASIS WHICH REDUCES THEIR TUITION. STUDENTS ARE REQUIRED TO WRITE A THANK YOU NOTE TO THE DONORS OF THE SCHOLARSHIP SHOWING THEIR APPRECIATION. IF A THANK YOU NOTE ISN'T WRITTEN, THE STUDENT DOESN'T RECEIVE THE SCHOLARSHIP. SCHOLARSHIPS ARE MONITORED BY THE FINANCIAL AID OFFICE. IF A STUDENT WITHDRAWS FROM SCHOOL, THE SCHOLARSHIP IS REVOKED. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 RICHARD WAGNER PHD PRESIDENT 180698 0 0 0 7476 0 0 0 217 0 188391 0 0 0 STUART LANG V.P. OF DEVELOPMENT 152639 0 0 0 824 0 0 0 0 0 153463 0 0 0 PART I, LINE 1A HEALTH CLUB DUES - RICHARD WAGNER - THE PERSONAL USE PORTION WAS INCLUDED IN TAXABLE INCOME; THE PORTION USED FOR BUSINESS EXPENSE WAS CONSIDERED NON-TAXABLE TRAVEL FOR COMPANIONS - RICHARD WAGNER - NOT INCLUDED IN TAXABLE INCOME X 23 287925 BLUE BOOK X 12 337132 STOCK MARKET QUOTES X TOOLS & EQUIP 100 112628 SALES PRICE 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF INDIVIDUALS GIVING NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF THE CORPORATION CONSISTING OF NO FEWER THAN FIVE (5) MEMBERS, INCLUDING THE CHAIR OF THE BOARD, PRESIDENT, AND SUCH OTHER PERSONS ELECTED BY THE BOARD OF TRUSTEES BY RESOLUTION. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE TRUSTEES. THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF TRUSTEES. DURING SUCH INTERVALS AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF TRUSTEES MAY IMPOSE. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 BEFORE IT WAS FILED, THE FORM 990 WAS REVIEWED BY THE PRESIDENT OF THE COLLEGE, THE FINANCE COMMITTEE AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, TRUSTEES AND COMMITTEE MEMBERS. IF AN INDIVIDUAL HAS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST, THEY ARE REQUIRED TO DISCLOSE THE MATERIAL FACTS TO THE BOARD OR COMMITTEE BEFORE THE TRANSACTION IN QUESTION IS CONSIDERED. AFTER PRESENTING THE MATERIAL FACTS, THE INTERESTED PERSON IS REQUIRED TO LEAVE THE ROOM FOR THE DISCUSSION AND VOTE ON THE MATTER. TO INVESTIGATE ALTERNATIVES, THE BOARD OR COMMITTEE MAY REQUEST COMPARABILITY DATA AND/OR APPOINT A DISINTERESTED PERSON. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT REASONABLY ATTAINABLE, THE DISINTERESTED BOARD OR COMMITTEE MEMBERS DETERMINE, BY MAJORITY VOTE, WHETHER TO ENTER INTO THE TRANSACTION. ALL RELEVANT INFORMATION IS RECORDED IN THE MINUTES OF THE MEETING. EACH OFFICER, TRUSTEE AND COMMITTEE IS REQUIRED TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT, THE CHAIR OF THE BOARD AND THE EXECUTIVE COMMITTEE USES SALARY BENCHMARKING DATA TO RECOMMEND THE PRESIDENT'S COMPENSATION. THE RECOMMENDATION GOES TO THE FULL BOARD FOR APPROVAL. THIS PROCESS WAS LAST UNDERTAKEN IN 2014 FOR THE PRESIDENT, R. WAGNER. WHEN DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, THE H.R. DIRECTOR PROVIDES SALARY BENCHMARKING DATA TO THE PRESIDENT WHO DETERMINES THEIR COMPENSATION. SALARY INCREASE GUIDELINES ARE PROVIDED BY THE ACCOUNTING DEPARTMENT BASED ON BUDGET CONSTRAINTS. THIS PROCESS WAS LAST UNDERTAKEN IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT OPEN TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY INCLUDING OTHER COMPREHENSIVE INCOME 365,205. TRUST DISTRIBUTIONS -34,469. CHARITABLE REMAINDER TRUST (1) 818 DUNWOODY BOULEVARD MINNEAPOLIS MN 55403 INVESTMENT MN N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0